BlackBerry said Monday that it is working on a deal to be acquired by a group of investors led by Prem Watsa's Fairfax Financial Holdings.
The deal, which is subject to due diligence, would pay BlackBerry shareholders $9 per share in cash for a total value of about $4.7 billion, the company added.
BlackBerry shares jumped 3% to $8.97 and briefly traded above the $9 offer price in afternoon action.
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